Core clearly still has robust liquidity. The table below is the MC of the companies dropping out of the ASX300 using Friday's close. With two exceptions the companies dropping out of the ASX300 are below A$300m MC.
SSR has the market cap for the ASX300 but its trading volumes are tiny. They traded 57,013 shares on Friday (About $400k) and that wasn't their lowest day recently. They will be being turfed for lack of liquidity not lack of market cap.
While there's never any guarantee's, Core with a MC of $449m is well clear of the range where the cut occurred this time. The first six instances were either not trading (Leo) or market cap's under A$200m.
Ann: S&P DJI Announces March 2024 Quarterly Rebalance, page-18
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $638.8K | 5.396M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 102 | 6835182 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1661685 | 16 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |